Southside News 02-09-2020

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september 02 www.dublinnewsmediagroup.ie Tel: 01 9011679

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Ghost town fear grows as empty shop numbers soar A NEW report on commercial vacancy rates to June 2020 has shown commercial premises have been badly hit by the economic impacts of the lockdown, with Dublin teetering dangerously below the national average of 13.5%. This has fuelled fears of a further impact on the sectors worst hit by restrictions, turning the capital into a future ghost town. The discrepancy in figures between the north and south sides of the capital have also resurrected the contentious, age-old, north-south divide: only with the northside this time tipping the balance.

Given economic activity was virtually on hold from March 2020 due to the lockdown measures, the latest GeoView Commercial Vacancy Report gives an early view of the business impact of the pandemic. As expected, the hardest hit sectors have been those with a high dependence on face-to-face contact or physical interaction, including accommodation and food, travel and tourism, retail and those with less ‘working from home’ potential. Dublin 2 registered the most significant increase in vacancy rates, rising by 1.7% to 13.5%.

Given Dublin 2 has the highest concentrations of units operating accommodation and food activities, this was to be expected. But there are fears the city centre will see further vacancies in coming months. Commenting on the findings of the report, Dara Keogh, Chief Executive of GeoDirectory, said we can expect the picture to change for the worse, even as the country eases itself out of the restrictions, because of the uncertainty created in the commercial sector. Continued on next page

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Men’s fastest swimmers Ben David and Fergal Kirby at the CJK Dún Laoghaire Harbour Race which celebrated its 90th birthday in August. Pic: Jason Clarke


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